Tax, Estate, and Lifetime Planning for Minors, Second Edition

Focusing exclusively on the issues that adults face when planning for minor children, this updated edition focuses on the many and often complicated issues involved in these situations, including taxation, education funding, insurance, disability, and even planning for an adult’s incapacity or death. Combining core legal concepts with practical wisdom, Tax, Estate, and Lifetime Planning for Minors is a unique resource for attorneys advising clients in their estate and financial planning when minor children are involved. As with the first edition, this is a ready reference not only for seasoned practitioners but for the general or novice practitioner handling their first estate plan.


Bringing together the practical advice and knowledge of experts in taxation and estate planning, the book begins with a concise overview of the federal laws and fundamental principles of estate and gift taxation. Other chapters cover the most important elements in planning for younger family members or friends, including:





Life insurance policies, taxation, and irrevocable life insurance trusts

Funding education costs

Planning for daily care in the case of an adult's incapacity or death

Special needs trusts and other considerations for disabled minors

Transfer of retirement benefits

Considerations for children born of assisted reproductive technologies

Management of a minor’s digital assets in the event of disability or death


Because much of the necessary tax planning involves state law, relevant chapters categorize current state provisions. The book also examines the most significant non-tax considerations required when planning involves minors. Appendices include sample forms, state-by-state charts, exhibits, and more, and can be downloaded from a dedicated online website.